What is Bottom Of The Pyramid?

Legal Definition

The bottom of the pyramid which actually means the bottom of the wealth pyramid or the bottom of the income pyramid is the largest, but poorest socio-economic group. In global terms, this is the four billion people who live on less than say $3,000 per year. The phrase “bottom of the pyramid” is used in particular by people developing new models of doing business that deliberately target that demographic often using new technology. This field is also often referred to as the Base of the Pyramid or just the BoP. Several articles have been written on the potential market by members of business schools offering consultancy on the burgeoning market. They include The Fortune at the Bottom of the Pyramid by C.K. Prahalad of the University of Michigan, Capitalism at the Crossroads by Stuart L. Hart of Cornell University and the first empirical article, Reinventing strategies for emerging markets: Beyond the transnational model, by Ted London of the University of Michigan and Hart.

-- Wikipedia

Legal Definition

In economics, the bottom of the pyramid is the largest, but poorest sociology-economic group. In global terms, this is the 2.5 billion people who live on less than $2.50 per day. The phrase